Click the Print form details hyperlink to view the notification in PDF format. You are prompted with a File Download window.
The DirRP or an Agent can only terminate a scheme with any of the following statuses:
Active
Issues
Active Issues
Hold
Active Pending Removal
Non-Public
Non-Public Pending Removal
When an Agent submits a Termination Notification, it will be sent to the DirRP, and where applicable, the POA for endorsement. Pending endorsement, the scheme will be "locked". DirRP or Agent cannot perform any other action with respect to the scheme.
If the DirRP rejects or does not endorse the notification within a pre-defined period of time (7 business days after the submission of the Termination Notification), the scheme will be "unlocked" and it will remain in its original status.
Once the scheme is terminated, it cannot be accessed anymore. The scheme status will change to "Terminated" and an email confirmation of the termination will be sent to the DirRP and the Agent.
To submit a termination notification:
1. On the scheme's information page, click the Termination tab.
Scheme's information page (tab menu)
Instructions on submitting a termination notification are displayed.
Instructions page
2. Read the instructions carefully and then, click Next. Scheme details are displayed in read only format.
Fund Information
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Click the Print form details hyperlink to view the notification in PDF format. You are prompted with a File Download window. |
3. Click Next to proceed to the Declaration page.
4. Select an effective date of termination. Date must be current, or an earlier date. Future dates cannot be selected.
Declaration page (Effective date of termination)
5. Complete the Declaration section.
Declaration section
Director of the Responsible Person (DirRP) of the restricted scheme / Agent
Specify if you are a DirRP or an Agent by selecting the appropriate radio button.
Declaration
Mark the checkbox to complete your declaration.
Reason for termination
Specify the reason for the termination by selecting the appropriate radio button.
6. Complete the Access Code section. This section will only be activated if you have declared that you are an Agent. The Access code will be used by the DirRP, or where applicable, the POA, to access and endorse the notification submitted by the Agent.
Check here to change/add the access code
Mark this checkbox to add an access code if no Agent was previously appointed or to change the current access code assigned to the notification.
Access Code
Enter an access code once you have checked the box.
7. Click Proceed with Termination. You are prompted to confirm the termination request.
Confirmation dialog box
8. Click OK to confirm the termination notification of the scheme. An acknowledgement page is displayed.
If you are an Agent, an endorsement hyperlink is sent to the DirRP, and where applicable, the POA to access the notification. The DirRP, and where applicable, the POA, may (a) endorse, (b) amend and endorse or (c) reject the notification.
Acknowledgement page (for Agent)
If you are a DirRP, you are notified that the selected restricted scheme will be removed from the list of notified schemes.
Acknowledgement page (for DirRP or Authorized person for DirRP)
9. Click OK. You will be logged out of the system and redirected to CISNet homepage.